Based on last year, the report is coming out around this time. Last year September 3rd. Looks good for long term, probably next year will get bonus or right issue.
on a trailing basis, sure PE looks high. But if it can sustain a double digit growth rate for the next few quarters or next few years...then the story might be different. So at the end of the day what is the outlook for the company?
hmm abit below expectation. Was expecting perhaps a 30-50% QoQ revenue growth seeing last quarter was during peak mco quarter. Current valuation is at 70x p/e. If like growth rate like that, perhaps more established blue chips like Penta/Inari seemed cheaper....
However, the research house raised its target price (TP) to RM6.56, from RM4.90 before, in line with its higher earnings forecasts for the financial year ending July 31, 2021 (FY21) and FY22, and increased the price-earnings (PE) multiple to 38 times earnings per share (EPS) for 2021.
Though HIIB downgraded but raised it TP price to Rm6.65.. I don't think is main main loh.. Those who hold very soon it goes up to Rm7 loh.. Unless market sentiment is bad
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
ZacYXZ
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Posted by ZacYXZ > 2020-09-02 23:19 | Report Abuse
i thought today will have result announcement with this huge movement but i guess not.